Auditors warn of ‘Kingfisher Airlines’ being a ‘going concern’ problem in the making!

Todays Economic Times Headlines scream that Auditors warn of ‘Kingfisher Airlines’ being a ‘going concern’ problem in the making!

http://economictimes.indiatimes.com/news/newsbyindustry/transportation/airlines/aviation/Vijay-Mallya-promoted-Kingfisher-Airliness-auditor-BK-Ramadhyani-Co-raises-doubts-over-companys-survival/articleshow/9987287

http://economictimes.indiatimes.com/markets/stocks/stocks-in-news/kingfisher-airliness-auditor-raises-doubts-over-companys-survival-stock-falls/articleshow/9989691

In mid 2009,I had blogged twice on KF Airlines…once when their Cheques were bouncing and later when they valued their Brand and took loans against this !

Some Wednesday Wanderings !…May’s Heat Wave causing a Lot of Bouncing !…Kingfisher Airlines Cheques…Adnan Sami…Tata’s JLR Debt woes forcing sale of TCS Shares…and our Sensex !

Wednesday, May 6th, 2009

Borrowing against Brands !…Interesting,but Risky area opening out !

Thursday, July 23rd, 2009

The Risk is clearly playing out for KF Airlines…It has never stopped bleeding

What will be the Brand Value of Kingfisher Airlines if there is no Airline left !…How then will SBI recover what it has lend KF Airlines against their Brand Value ! ?